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December 2011 Collections

For Immediate Release:  January 12, 2012

TENNESSEE DEPARTMENT OF REVENUE PROVIDES ANALYSIS
OF DECEMBER 2011 COLLECTIONS

NASHVILLE – December 2011 collections of the Tennessee Department of Revenue were $965,657,563, an increase of $137,075,571 or 16.5 percent from December 2010 collections.

Sales and use tax collections totaled $536,535,249, an increase of $34,057,614 or 6.8 percent from December 2010 collections.

Collections from the retail trade group increased 6.9 percent. Items with significant changes include:

  • Motor vehicle dealers and service stations: up 11.5 percent (with a 15.7 percent increase in the new, used motor vehicle sub-category item)
  • Home furniture, furniture and equipment stores: up 35.2 percent
  • Eating & drinking places: up 6.4 percent
  • Miscellaneous retail stores: up 8.2 percent
  • Food stores: up 4.1 percent
  • Building materials stores: up 4.1 percent

Collections from the service group increased 16.0 percent from December 2010. The major contributor to this gain was business services (32.1 percent), hotel and lodging places (12.4 percent), and automotive repair, services & parking (10.6 percent).

Collections from the non-retail, non-services group increased 2.1 percent led by gains in wholesale trade (9.7 percent) and communications (3.1 percent).  These gains were somewhat offset by a decline in manufacturing (9.2 percent).

Consumer use tax collections were $406,517, an increase of $134,023 or 49.2 percent from December 2010.

Disaster relief tax rebate was $2,642 in December 2011 for taxpayers affected by the May 2010 flood, April 2011 disaster relief, and the sales tax rebate on storm shelters. 

Franchise and excise taxcollections were $257,345,835, an increase of $105,836,793 or 69.9 percent compared to the collection in December 2010.  Separately, franchise tax collections were $91,017,996, an increase of $75,848,750 or 500.0 percent from last December.  Excise tax collections were $166,327,839, an increase of $29,988,043 or 22.0 percent from December 2010.

Gasoline taxcollections were $52,146,159, an increase of $3,595,840 or 7.4 percent compared to December 2010.

TVA – In Lieu of taxcollections were $28,661,892, an increase of $2,566,579 or 9.8 percent compared to December 2010.

Inheritance, gift & estate tax collections were $4,146,190, a decrease of $5,124,295 or 55.3 percent compared to December 2010.

Tobacco taxcollections were $23,416,061, a decrease of $3,371,572 or 12.6 percent compared to December 2010.

Income taxcollections were $2,305,596, a decrease of $2,841,823 or 55.2 percent compared to December 2010.

The Department of Revenue is responsible for the administration of state tax laws and motor vehicle title and registration laws established by the legislature and the collection of taxes and fees associated with those laws. The Department of Revenue collects approximately 91 percent of total state tax revenue. During the 2011 fiscal year, the department collected $10.4 billion in state taxes and fees. In addition to collecting state taxes, the Department of Revenue collects taxes for local, county and municipal governments. During the 2011 fiscal year, local government collections by the Department of Revenue exceeded $2.0 billion. In collecting taxes, the department enforces the revenue laws fairly and impartially in an effort to encourage voluntary taxpayer compliance. The department also apportions revenue collections for distribution to the various state funds and local units of government. To learn more about the department, log on to www.TN.gov/revenue.

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